View Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale condo for sale

Regency Tower South Condos

Regency Tower South
Galt Ocean Mile Condos for Sale

Welcome to our December 2018 / January 2019 post on Regency Tower South Galt Ocean Mile Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Regency Tower South offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

Search Regency Tower South Condos 

 

Currently there are 8 x condos for sale here in Regency Tower South Fort Lauderdale

There have been 3 sales of condo units over the last 6 months and 1 unit is currently pending sale!

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid over the last 6 months!

We also compare recent sales in Regency Tower South important information for both buyers and sellers!

Regency Tower South
Galt Ocean Mile – Key Statistics
Regency South Condominium complex in Fort Lauderdale, Florida
Address: 3750 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $349,900 – $809,9500

Median Prices

  • Median List Price $612,000
    for a 2 bedroom 2 bathroom unit
  • Median Sales Price last 6 Months $298,000
    – for a 1 bedroom 1 bathroom unit
  • Median Sales Price to Sq Ft Price $245.00
    Median Sales to List Price 97%
  • Days on Market 78 Days
Regency Tower South condominium 3750 Galt Ocean Drive Fort Lauderdale
Galt Ocean Mile’s Regency Tower South condominium located at 3750 Galt Ocean Drive

Regency Tower South
Condos for Sale

There are currently 8 x Regency Tower South condos for sale Fort Lauderdale – This is up from 5 units for sale as in our last post for October 2018 / November 2018

Our market analysis report for these 8 x Galt Ocean Mile condos for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 2 1,187 $349,900
Max 2 / 2 1,853 $809,500
Avg 2 / 2 1,753 $610,050
Median 2 / 2 1,853 $612,000

We can see from this report that the average price for an Galt Ocean Mile direct oceanfront condo for sale here in Regency Tower South is $610,050 – this being for a 2 bedroom 2 bathroom unit!

We can also that the median price for a Galt Ocean Mile condos for sale here in Regency Tower South is $612,000 – this being for a 2 bedroom 2 bathroom unit!

In our last post the median price for a condo for sale here in Regency Tower South was higher at $650,000 – this also being for a 2 bedroom 2 bathroom unit!

View Galt Ocean Mile condo for sale Regency Tower South
View Galt Ocean Mile condo for sale Regency Tower South Fort Lauderdale

Regency Tower South
Prices by Bedroom

Here is the market summary report for Regency Tower South Galt Ocean Mile condos for sale – showing median prices by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 2 1,187 $349,900 $295.00
2 / 2 1,853 $625,000 $350.00

We can see from this report that the median price for:

  • 1 bedroom Regency Tower South condos for sale is $349,900 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $295.00 There were no 1 bedroom units for sale in our last post.  However in the last post when 1 bedroom units were for sale the median list price for 1 bedroom condos for sale was $299,000 – this being for a 1 bedroom 1 bathroom unit of 1187 square feet with a list price to square foot price of $252.00
  • 2 bedroom Regency Tower South condos for sale is $625,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $350.00 – In our last post the median price for 2 bedroom condos for sale was higher at $650,000 – this being for a 2 bedroom 2 bathroom unit of 1853 square feet with a list price to square foot price of $355.00
  • There are currently no 3 bedroom Regency Tower South condos for sale  In the last post when there were 3 bedroom units for sale the median price was $889,000 – this being for a 3 bedroom 2 bathroom unit of 2323 square feet with a list price to square foot price of $383.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!


Kevin Wirth P.A. – Realtor

Galt Ocean Mile Specialist 
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

Search Galt Ocean Mile Condos for Sale

View Galt Ocean Mile New Listings

View Regency Tower South condo 3750 Galt Ocean Drive Fort Lauderdale pending sale - Unit 909
View Regency Tower South condo 3750 Galt Ocean Drive pending sale – Unit 909

Regency Tower South
New Listings

There has been no new listings of Galt Ocean Mile condos for sale here in Regency Tower South over the last 30 days

Regency Tower South
Pending Sales

There is currently 1 condo pending sale here in Regency Tower South Galt Ocean Mile – In our last 4 posts there were 2 condos pending sale in each post!

Our market analysis report for this Regency Tower South condo now pending sale is presented below.

CONDO BEDS / BATHS LA LP$
Unit 909 1 / 1 1,187 $324,900

We can see from this report that condo unit 909 a 1 Bedroom Regency Tower South condo listed for sale for $324,900 is now pending sale – this 1 bedroom 1 bathroom 1187 square foot unit was offered for sale with a list price to square foot price of $274.00

This Galt Ocean Mile condo offers a beautiful ocean view and the balcony is private.   The condo has new carpet in master, tile throughout and there is washer dryer in unit. 

View Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale condo recently sold - Unit 1604
View Regency Tower South 3750 Galt Ocean Drive condo recently sold – Unit 1604

Regency Tower South
Sales Last 6 Months

There have been just 3 x Galt Ocean Mile condos sold here in Regency Tower South over the last 6 months… 

This is well down from the 8 units sold over the preceding 6 months as in our last post for October / November 2018!

Our market analysis report for these 3 recent sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 1,187 $290,000
Max 2 / 2 1,787 $437,000
Avg 1 / 1 1,387 $341,667
Median 1 / 1 1,187 $298,000

We can see from this report that the average sales price for a Regency Tower South condo sold over the last 6 months has been $341,667 – this being for a 1 bedroom 1 bathroom unit.

We can also see from this report that the median sales price over the last 6 months has been $298,000 – this being for a 1 bedroom 1 bathroom unit.

In our prior post for October 2018 / November 2018 the median sales price over the preceding 6 months was higher at $387,250this being for a 1 bedroom 1 bathroom unit.

Pool view Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale
Gorgeous pool views from Regency Tower South 3750 Galt Ocean Drive Fort Lauderdale

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Regency Tower South over the last 6 months.

SP$/SqFt
Min $244.00
Max $251.00
Avg $247.00
Median $245.00

We can see from this report that the median sales price to square foot price paid for a Regency Tower South condo sold over the last 6 months has been $245.00 per square foot

This is down from $283.00 in our last post and down from $297.00 per square foot as in our prior post!

It is also important to note the highest price paid per square foot for a condo sold over the last 6 months at $251.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Regency Tower South Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

Our market analysis report for this is presented below

SP$/LP$
Min 94%
Max 97%
Avg 96%
Median 97%

We can see that median sales price to list price for a condo here in Regency Tower South over the last 6 months has been 97%

It is very important to note that this is well up from 93% in our last post and 95% in our prior post!

This means if a Fort Lauderdale condo for sale here in Regency Tower South is listed at $450,000 – then based on median sales data the condo could be expected to sell for 97% of that amount or $436,500 – based on MLS data!

Days on Market

Days on market for Regency Tower South Galt Ocean Mile condos for sale is also a very important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 20
Max 88
Avg 62
Median 78

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Regency Tower South is 62 days

We can also see the median days on market at 78 days which is  just over 11 weeks!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Regency Tower South
Condo Sales Itemized

Here is the data for each of the Regency Tower South Galt Ocean Mile condos sold over the last 6 months!

CONDO BEDS / BATHS LA SP$
Unit 410 2 / 2 1,787 $437,000
Unit 1604 1 / 1 1,187 $298,000
Unit 1708 1 / 1 1,187 $290,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 410 a 2 bedroom 2 bathroom condo which sold for $437,000 – This 2 bedroom 2 bathroom 1787 square foot unit had a sales price to square foot price of $245.00

Unit 410 had just 20 days on market and sold for 97% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Regency Tower South Galt Ocean Mile condos are direct oceanfront units set in a great complex here on Galt Mile right on the Beach!

We currently have a really nice range of condos for sale -especially if your looking for 2 bedroom units for sale!

The last 6 months has seen a slow down sales activity here in Regency Tower South – with just 3 units sold and 1 unit pending sale!

This is typical of our “Seasonal” sales cycle! 

I hope you have enjoyed my post on Regency Tower South
Fort Lauderdale Condos for sale

Kevin Wirth – Realtor